Q: describe how two different economics theories and two different social sciences theories relate to the letter.

A: Economic theory:

1. Information Asymmetry: Describes where one party has more knowledge than the other. In this case, before any notification has been sent out, there is an information asymmetry between the company and the consumer.  The theory demonstrates and underscores the importance of timely sharing information and transparency. 
2. Marxian economic Theory: Those with power exploit those without. In this case, the company withheld information about the breach.

Social Science Theory:

1. Social Contact: The breach notification can be viewed as a breach of social contract. The customers are expecting to have their data protected.
2. Labeling Theory: The company can be labeled as irresponsible, while the customers could be labeled as victims.